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Agenda Item 7BAGENDA ITEM # 713 FEBRURAY 28, 2011 ORDINANCE NO. 20-11-108 AN ORDINANCE AMENDING THE OPERATING BUDGET FOR THE CITY OF ATLANTIC BEACH, FLORIDA FOR FISCAL YEAR BEGINNING OCTOBER 1, 2010 AND ENDING SEPTEMBER 30, 2011. WHEREAS, the City Charter of the City of Atlantic Beach requires that the City Commission approve all budgetary increases and transfers at the fund level, and WHEREAS, the nature of budgetary systems and those day -to -day decisions affecting such budgetary systems require adjustments from time -to -time, and WHEREAS, the City was recently notified, that the Beaches Veterans Memorial Park Corporation agreed to donate $50,000 to the Veteran's Memorial Park for the next phase of construction. This ordinance will provide an appropriation for that donation, and WHEREAS, the City has received approval to extend the American Recovery and Reinvestment Act Grant for the Mayport Redevelopment project to continue funding the Coordinator position to the end of April, and NOW, THEREFORE, BE IT ENACTED BY THE CITY COMMISSION ON BEHALF OF THE PEOPLE OF THE CITY OF ATLANTIC BEACH, FLORIDA, that; 1. The Fiscal Year 2010/2011 Budget to be amended as follows: CAPITAL PROJECT FUND — VETERAN'S PARK Revenues: Contributions — Beaches Veterans Memorial Park Corporation Expenses: Capital Outlay — Veterans Park Improvements Fund Balance: A.R.R.A. MAYPORT REDEVELOPMENT GRANT FUND Revenues: Grant Proceeds Expenses: Public Safety — Salary and Benefits $50,000 $50,000 11 $32,382 $32,382 Fund Balance: 0 AGENDA ITEM # 713 FEBRURAY 28, 2011 2. This ordinance shall take effect immediately upon its adoption. Passed by the City Commission on first reading this day of February, 2011. Passed by the City Commission on second and final reading this day of February, 2011. Mike Borno Mayor / Presiding Officer Approved as to form and correctness: ATTEST: Alan C. Jensen, Esquire City Attorney Donna L. Bartle, CMC City Clerk